Pagaya Technologies Ltd (NASDAQ: PGY) is -40.88% lower on its value in year-to-date trading and has touched a low of $8.90 and a high of $33.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGY stock was last observed hovering at around $10.34 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $9.79, the stock is -6.10% and -26.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -5.32% at the moment leaves the stock -44.99% off its SMA200. PGY registered -10.59% loss for a year compared to 6-month loss of -37.72%.
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The stock witnessed a 7.35% gain in the last 1 month and extending the period to 3 months gives it a -25.15%, and is -14.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.78% over the week and 7.10% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $690.00M and $772.81M in sales. Fwd P/E is 6.10. Profit margin for the company is -16.62%. Distance from 52-week low is 10.00% and -71.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.82%).
The EPS is expected to grow by 138.50% this year
The shares outstanding are 49.39M, and float is at 33.24M with Short Float at 5.44%.
Pagaya Technologies Ltd (PGY) Insider Activity
The most recent transaction is an insider purchase by DAS SANJIV, the company’s President. SEC filings show that DAS SANJIV bought 22,727 shares of the company’s common stock on Apr 05 ’24 at a price of $10.57 per share for a total of $0.24 million. Following the purchase, the insider now owns 22727.0 shares.
Pagaya Technologies Ltd disclosed in a document filed with the SEC on Apr 05 ’24 that Rosen Tami (Chief People Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 05 ’24 and was made at $10.47 per share for $0.1 million. Following the transaction, the insider now directly holds 28818.0 shares of the PGY stock.
Still, SEC filings show that on Apr 04 ’24, Pardo Avital (Chief Technology Officer) acquired 38,480 shares at an average price of $10.36 for $0.4 million. The insider now directly holds 444,926 shares of Pagaya Technologies Ltd (PGY).
